Gold Rate Today (May 3, 2026): Gold Stabilizes Above ₹1.5 Lakh; Check Latest Rates in Delhi, Mumbai, Chennai, and Other Major Cities

Today is a significant day for investors and buyers in the Indian bullion market. On May 3, 2026, gold prices have witnessed minor fluctuations, maintaining a record-high position due to a balance between international market trends and steady domestic demand. Currently, the price of 24-carat pure gold remains consistently above the psychological mark of ₹1.5 lakh per 10 grams, serving as a strong indicator for long-term investors.

Latest Gold Rates in Major Metropolitan Cities (Per 10 Grams)

Due to varying local taxes, logistics, and regional demand, gold prices differ across several Indian cities. According to the latest data from reputable sources like Goodreturns and IBJA, the current rates are as follows:

• Delhi: In the national capital, 24-carat gold is trading at ₹1,51,230, while 22-carat gold is priced at ₹1,38,500 per 10 grams.
• Mumbai: In India’s financial hub, 24-carat gold stands at ₹1,50,930, and 22-carat gold is at ₹1,38,350.
• Chennai: Known for its high traditional demand, Chennai often sees higher rates compared to other cities. Today, 24-carat gold is priced at ₹1,52,730, and 22-carat gold at ₹1,40,000.
• Kolkata, Bengaluru, and Hyderabad: Prices in these cities are closely aligned with Mumbai, with 24-carat gold at ₹1,50,930 and 22-carat at ₹1,38,350.

Furthermore, 18-carat gold, which is increasingly popular for diamond and lightweight jewelry, is currently trading at approximately ₹1,13,200 per 10 grams.

Market Trends and Factors Influencing Prices

The continuous shift in gold prices is driven by several global and domestic factors. Internationally, interest rate decisions by the US Federal Reserve, geopolitical tensions, and global inflation rates play a pivotal role. Domestically, the fluctuation of the Indian Rupee against the US Dollar and the surge in demand during the wedding and festive seasons in India push prices upward.

Cities like Chennai often trade at a premium due to higher purity standards and a massive retail demand base. Following the trends observed on May 2, the market is currently showing a slight upward trajectory.

Expert Advice for Investors and Buyers

If you are planning to purchase gold at these record-high levels, experts recommend the following:

1. Hallmarking: Always ensure you buy BIS Hallmarked gold jewelry to guarantee the purity of the metal.
2. Alternative Investment Options: If the goal is purely investment, consider options like Sovereign Gold Bonds (SGB) or Gold ETFs. These are safer than storing physical gold and often offer better returns without making charges.
3. Price Verification: Before finalizing a purchase, always verify the live rates with your local bullion association or a reputed jeweler, as GST and making charges are applied separately.

Disclaimer: This news report is prepared for informational purposes only. Gold prices change every minute based on market conditions, local taxes (GST), and making charges. This does not constitute financial or investment advice. It is highly recommended to consult a financial advisor before making any investment decisions.